2022 Q3 Form 10-Q Financial Statement

#000121390022048219 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $1.023M $1.626M $1.405M
YoY Change -13.29% 67.47% 726.66%
Cost Of Revenue $1.405M $1.794M $1.139M
YoY Change -0.96% 145.37% -407.92%
Gross Profit -$381.7K -$168.5K $266.0K
YoY Change 59.99% -170.35% -50.73%
Gross Profit Margin -37.32% -10.36% 18.93%
Selling, General & Admin $4.484M $5.459M $11.09M
YoY Change -29.38% -17.58% -20.3%
% of Gross Profit 4167.07%
Research & Development $235.0K $224.5K $275.1K
YoY Change -27.24% 296.68%
% of Gross Profit 103.42%
Depreciation & Amortization $43.55K $142.1K $202.5K
YoY Change -58.08% 178.33% 406.27%
% of Gross Profit 76.12%
Operating Expenses $5.595M $7.825M $11.36M
YoY Change -16.15% -9.23% 179.14%
Operating Profit -$5.977M -$7.993M -$11.10M
YoY Change -13.52% -4.62% 214.31%
Interest Expense $673.7K $20.36K -$52.82K
YoY Change -175.41% -66.49% -101.75%
% of Operating Profit
Other Income/Expense, Net -$1.885M -$640.9K -$345.3K
YoY Change -8.2% 80.95% -114.45%
Pretax Income -$9.526M -$8.705M -$12.45M
YoY Change -1.99% 1.66% 254.8%
Income Tax
% Of Pretax Income
Net Earnings -$9.226M -$8.337M -$12.29M
YoY Change -5.82% -2.63% 250.16%
Net Earnings / Revenue -902.03% -512.77% -874.57%
Basic Earnings Per Share -$0.45 -$0.41
Diluted Earnings Per Share -$0.45 -$0.41 -$772.0K
COMMON SHARES
Basic Shares Outstanding 20.36M shares 20.23M shares
Diluted Shares Outstanding 21.03M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $439.6K $1.605M $3.795M
YoY Change -70.86% -24.44% -52.03%
Cash & Equivalents $439.5K $1.557M $3.795M
Short-Term Investments $96.00 $48.65K
Other Short-Term Assets $2.812M $4.054M $3.966M
YoY Change 401.18% 356.08% 19730.62%
Inventory $879.1K $429.8K $106.4K
Prepaid Expenses $248.4K
Receivables $222.2K $379.3K $337.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.681M $2.601M $4.475M
YoY Change -34.12% -21.12% -44.2%
LONG-TERM ASSETS
Property, Plant & Equipment $249.0K $250.9K $102.9K
YoY Change -6.16% -3.44% -65.69%
Goodwill $1.365M $1.384M $1.375M
YoY Change
Intangibles $2.537M $2.527M $2.433M
YoY Change
Long-Term Investments $769.1K $1.169M $769.0K
YoY Change -20.63% 126.81%
Other Assets
YoY Change
Total Long-Term Assets $7.043M $7.528M $4.698M
YoY Change 23.52% 127.63% 70.22%
TOTAL ASSETS
Total Short-Term Assets $1.681M $2.601M $4.475M
Total Long-Term Assets $7.043M $7.528M $4.698M
Total Assets $8.724M $10.13M $9.173M
YoY Change 5.7% 53.36% -14.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.715M $4.899M $3.731M
YoY Change 146.05% 65.94% 41.31%
Accrued Expenses $279.6K $149.8K $18.45K
YoY Change 188.77% 56.76% -76.94%
Deferred Revenue
YoY Change
Short-Term Debt $1.787M $1.895M $1.343M
YoY Change 10.05%
Long-Term Debt Due $7.821M $4.155M $1.438M
YoY Change 231.27% 267.83% 59.76%
Total Short-Term Liabilities $15.17M $9.497M $5.421M
YoY Change 181.65% 96.95% 9.07%
LONG-TERM LIABILITIES
Long-Term Debt $28.92K $31.42K $63.99K
YoY Change -95.61% -98.53% -69.53%
Other Long-Term Liabilities $2.135M $2.101M $0.00
YoY Change 2595.86% 1954.99% -100.0%
Total Long-Term Liabilities $2.164M $2.132M $63.99K
YoY Change 193.0% -4.63% -82.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.17M $9.497M $5.421M
Total Long-Term Liabilities $2.164M $2.132M $63.99K
Total Liabilities $17.34M $11.63M $5.485M
YoY Change 133.25% 63.47% 2.72%
SHAREHOLDERS EQUITY
Retained Earnings -$133.8M -$124.3M -$109.6M
YoY Change
Common Stock $24.47K $20.26K $16.69K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $76.11K $62.41K $62.41K
YoY Change
Treasury Stock Shares 89.46K shares 5.657K shares 5.657K shares
Shareholders Equity -$9.291M -$2.396M $1.807M
YoY Change
Total Liabilities & Shareholders Equity $8.724M $10.13M $9.173M
YoY Change 5.7% 53.36% -14.9%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$9.226M -$8.337M -$12.29M
YoY Change -5.82% -2.63% 250.16%
Depreciation, Depletion And Amortization $43.55K $142.1K $202.5K
YoY Change -58.08% 178.33% 406.27%
Cash From Operating Activities -$3.237M -$5.583M -$4.902M
YoY Change -29.94% -1.99% 112.2%
INVESTING ACTIVITIES
Capital Expenditures -$43.43K -$267.4K -$29.97K
YoY Change -15.77% 1608.69% 49.85%
Acquisitions
YoY Change
Other Investing Activities -$83.52K -$48.88K $187.0K
YoY Change -84.19% -90.6% -255.83%
Cash From Investing Activities -$127.0K -$316.3K $157.0K
YoY Change -78.1% -40.93% -204.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.283M 4.251M 7.056M
YoY Change -50.29% -23.51% -5.55%
NET CHANGE
Cash From Operating Activities -3.237M -5.583M -4.902M
Cash From Investing Activities -127.0K -316.3K 157.0K
Cash From Financing Activities 2.283M 4.251M 7.056M
Net Change In Cash -1.081M -1.648M 2.311M
YoY Change 77.89% 144.46% -53.87%
FREE CASH FLOW
Cash From Operating Activities -$3.237M -$5.583M -$4.902M
Capital Expenditures -$43.43K -$267.4K -$29.97K
Free Cash Flow -$3.194M -$5.316M -$4.872M
YoY Change -30.1% -6.43% 112.74%

Facts In Submission

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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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crtd Common Stock Issued Upon Conversion Of Notes Payable
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crtd Exercise Of Warrants To Stock
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crtd Cash Received For Common Stock And Warrants
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crtd Cash Received For Preferred Series E And Warrants
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crtd Stock Warrants Issued With Note Payable
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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crtd Stock Warrants Issued With Note Payable
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crtd Cash Received For Common Stock And Warrants
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crtd Common Stock Issued Upon Conversion Of Notes Payable
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us-gaap Temporary Equity Foreign Currency Translation Adjustments
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us-gaap Profit Loss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
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CY2021Q2 crtd Cash Received For Common Stock And Warrants
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CY2021Q2 crtd Shares Issued For Prepaid Services
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CY2021Q2 crtd Common Stock Issued Upon Conversion Of Notes Payable
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CY2021Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
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us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
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us-gaap Stock Issued During Period Value Other
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us-gaap Profit Loss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
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283947 usd
us-gaap Depreciation Depletion And Amortization
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crtd Impairment Of Investment
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crtd Impairment Of Investment
ImpairmentOfInvestment
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crtd Accretion Of Debt Discount And Issuance Costs
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crtd Sharebased Compensation
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3349362 usd
crtd Sharebased Compensation
SharebasedCompensation
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crtd Bad Debt Expense
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crtd Gain On Forgiveness Of Debt2
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crtd Gain On Forgiveness Of Debt2
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crtd Settlements Of Vendor Liabilities
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crtd Settlements Of Vendor Liabilities
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crtd Change In Fair Value Of Derivative Liability
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crtd Change In Fair Value Of Derivative Liability
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us-gaap Proceeds From Issuance Of Debt
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crtd Management Fee Percentage
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Other Noncash Expense
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us-gaap Marketable Securities Realized Gain Loss
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crtd Loss On Extinguishments Of Debt
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crtd Non Cash Lease Expense
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crtd Non Cash Lease Expense
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Deposit Other Assets
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us-gaap Increase Decrease In Deposit Other Assets
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crtd Increase Decrease In Deferred Revenues
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crtd Increase Decrease In Deferred Revenues
IncreaseDecreaseInDeferredRevenues
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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crtd Proceeds From Deposits
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100000 usd
crtd Cash Paid For Minority Investment In Business
CashPaidForMinorityInvestmentInBusiness
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us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
48878 usd
crtd Cash Consideration For Acquisition
CashConsiderationForAcquisition
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crtd Cash Consideration For Acquisition
CashConsiderationForAcquisition
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us-gaap Repayments Of Debt
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us-gaap Proceeds From Convertible Debt
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us-gaap Proceeds From Convertible Debt
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us-gaap Repayments Of Related Party Debt
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us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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crtd Purchase Of Treasury Stock And Warrants
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crtd Purchase Of Treasury Stock And Warrants
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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3794734 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7906782 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1556663 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2124656 usd
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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crtd Reduction Of Rou Asset Related To Remeasurement Of Lease Liability
ReductionOfROUAssetRelatedToRemeasurementOfLeaseLiability
20297 usd
crtd Reduction Of Rou Asset Related To Remeasurement Of Lease Liability
ReductionOfROUAssetRelatedToRemeasurementOfLeaseLiability
168667 usd
us-gaap Stock Issued1
StockIssued1
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us-gaap Stock Issued1
StockIssued1
1601452 usd
crtd Share Issued For Acquisition
ShareIssuedForAcquisition
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crtd Share Issued For Acquisition
ShareIssuedForAcquisition
226500 usd
crtd Operating Lease Liability1
OperatingLeaseLiability1
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crtd Deferred Offering Cost
DeferredOfferingCost
4225 usd
crtd Repayment Of Promissory Notes From Australian Rd Credits
RepaymentOfPromissoryNotesFromAustralianRDCredits
173456 usd
crtd Repayment Of Promissory Notes From Australian Rd Credits
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316820 usd
us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Use of Estimates and Critical Accounting Estimates and Assumptions</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to these estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly. The Company uses estimates in accounting for, among other items, revenue recognition, allowance for doubtful accounts, stock-based compensation, income tax provisions, excess and obsolete inventory reserve, and impairment of intellectual property.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q2 us-gaap Marketable Securities
MarketableSecurities
48646 usd
CY2022Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
48646 usd
crtd All Other Expenses
AllOtherExpenses
-231 usd
crtd All Other Expenses
AllOtherExpenses
0 usd
us-gaap Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
250000 usd
CY2022Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
414055000000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Concentration of Credit Risk and Other Risks and Uncertainties</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company provides credit in the normal course of business. The Company maintains allowances for credit losses on factors surrounding the credit risk of specific customers, historical trends, and other information.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company operates in Australia and holds total assets of $1,029,137. It is reasonably possible that operations located outside an entity’s home country will be disrupted in the near term.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">  </p>
CY2022Q2 us-gaap Other Assets
OtherAssets
1029137 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
7531 usd
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P6Y3M25D
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FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
489968 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
418007 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
276960 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
249079 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
206743 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
691296 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2332053 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
194710 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2526763 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1035795 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1374835 usd
crtd Goodwill Acquired In A Business Combination
GoodwillAcquiredInABusinessCombination
8950 usd
CY2022Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1383785 usd
crtd Products Transferred At A Point In Time
ProductsTransferredAtAPointInTime
38767 usd
CY2022Q2 us-gaap Revenues
Revenues
1625901 usd
CY2021Q2 us-gaap Revenues
Revenues
970857 usd
us-gaap Revenues
Revenues
2974639 usd
us-gaap Revenues
Revenues
1714770 usd
CY2022Q2 us-gaap Revenues
Revenues
1625901 usd
CY2021Q2 us-gaap Revenues
Revenues
970857 usd
us-gaap Revenues
Revenues
2974639 usd
us-gaap Revenues
Revenues
1714770 usd
CY2022Q2 crtd Products And Services Transferred Over Time
ProductsAndServicesTransferredOverTime
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CY2021Q2 crtd Products And Services Transferred Over Time
ProductsAndServicesTransferredOverTime
940801 usd
crtd Products And Services Transferred Over Time
ProductsAndServicesTransferredOverTime
2079657 usd
crtd Products And Services Transferred Over Time
ProductsAndServicesTransferredOverTime
1676003 usd
CY2022Q2 crtd Products Transferred At A Point In Time
ProductsTransferredAtAPointInTime
637618 usd
CY2021Q2 crtd Products Transferred At A Point In Time
ProductsTransferredAtAPointInTime
30056 usd
crtd Products Transferred At A Point In Time
ProductsTransferredAtAPointInTime
894982 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.80 pure
crtd Fixed Fees Percentage
FixedFeesPercentage
0.20 pure
crtd Contract Occur Percentage
ContractOccurPercentage
1 pure
crtd Promotional Discounts Amount
PromotionalDiscountsAmount
9.99 usd
crtd Free Trials Amount
FreeTrialsAmount
99 usd
CY2022Q2 us-gaap Deferred Revenue
DeferredRevenue
262583 usd
crtd Reserve Doubtful Accounts
ReserveDoubtfulAccounts
53166 usd
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
81925 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
81925 usd
crtd Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
239313 usd
crtd Common Stock Equivalents
CommonStockEquivalents
11602049 shares
crtd Common Stock Equivalents
CommonStockEquivalents
10868309 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Reclassifications</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain prior year amounts in the condensed consolidated financial statements and the notes thereto have been reclassified where necessary to conform to the current year’s presentation. These reclassifications did not affect the prior period’s total assets, total liabilities, stockholders’ deficit, net loss or net cash used in operating activities. During the year ended December 31, 2021, we adopted a change in presentation on our condensed consolidated statements of operations and comprehensive loss in order to present a gross profit line, the presentation of which is consistent with our peers. Under the new presentation, we began allocating payroll and related expenses, professional services and creator payouts. Prior periods have been revised to reflect this change in presentation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">   </p>
crtd Accumulated Deficit Net Loss
AccumulatedDeficitNetLoss
124000000 usd
crtd Net Income Loss Amount
NetIncomeLossAmount
15600000 usd
crtd Net Cash Used In Operating Activities Going Concern
NetCashUsedInOperatingActivitiesGoingConcern
10600000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
206510 usd
CY2022Q2 us-gaap Retail Related Inventory Packaging And Other Supplies
RetailRelatedInventoryPackagingAndOtherSupplies
16504 usd
CY2021Q4 us-gaap Retail Related Inventory Packaging And Other Supplies
RetailRelatedInventoryPackagingAndOtherSupplies
2907 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
206740 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
103496 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
429754 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
106403 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
640134 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
467753 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
389219 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
364814 usd
CY2022Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
250915 usd
CY2021Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
102939 usd
us-gaap Depreciation
Depreciation
24405 usd
us-gaap Depreciation
Depreciation
20094 usd
CY2022Q2 crtd Outstanding Principal Total
OutstandingPrincipalTotal
-2266374 usd
CY2021Q4 crtd Outstanding Principal Total
OutstandingPrincipalTotal
1358211 usd
crtd Less Debt Discount
LessDebtDiscount
371126 usd
CY2021 crtd Less Debt Discount
LessDebtDiscount
15547 usd
CY2022Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1895248 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1342664 usd
CY2022Q2 us-gaap Convertible Debt
ConvertibleDebt
1863831 usd
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
1278672 usd
CY2022Q2 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
31417 usd
CY2021Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
63992 usd
CY2022Q1 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
660000 usd
CY2022Q1 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
139000 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
147256 usd
CY2022Q2 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
2312 usd
CY2022Q1 crtd Total Liabilities
TotalLiabilities
293888 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
248381 usd
CY2022Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
45507 usd
CY2022Q2 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.05 pure
CY2022Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4340051 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
1944282 usd
CY2022Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
104759 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2291010 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
115163 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.11 pure
CY2022Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.001
CY2022Q2 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
0.75 pure
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
15163 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
399964 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
125300 usd
CY2022Q2 us-gaap Related Party Transaction Due From To Related Party Noncurrent
RelatedPartyTransactionDueFromToRelatedPartyNoncurrent
421001 usd
crtd Shares Of Common Stock
SharesOfCommonStock
240571 shares
crtd Warrants To Purchase Common Stock
WarrantsToPurchaseCommonStock
240571 shares
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
48655 usd
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
72328 usd
crtd Expected Dividend Yield Percentage
ExpectedDividendYieldPercentage
0 pure
CY2022Q2 crtd Shares Of Capital Stock
SharesOfCapitalStock
120000000 shares
CY2022Q2 crtd Designated Of Common Stock Shares
DesignatedOfCommonStockShares
100000000 shares
CY2022Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.001
CY2022Q2 crtd Designated Of Preferrred Stock
DesignatedOfPreferrredStock
20000000 shares
CY2022Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0.001
CY2022Q2 crtd Shares Issued And Outstanding
SharesIssuedAndOutstanding
500 shares
CY2022Q2 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
130625 usd
crtd Accrued But Unpaid
AccruedButUnpaid
69000 usd
CY2022Q1 crtd Gross Proceeds
GrossProceeds
2659750 usd
CY2022Q1 crtd Aggregate Common Stock Shares
AggregateCommonStockShares
1519857 shares
CY2022Q1 us-gaap Common Stock No Par Value
CommonStockNoParValue
1519857
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.75
crtd Stock Issuance Costs
StockIssuanceCosts
75000 usd
CY2022Q1 crtd Restricted Common Stock
RestrictedCommonStock
3 shares
CY2022Q1 crtd Stock Issued Period For Service
StockIssuedPeriodForService
7488 usd
CY2022Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
8364 usd
CY2022Q2 crtd Restricted Common Stock
RestrictedCommonStock
185000 shares
CY2022Q2 crtd Stock Issued Period For Service
StockIssuedPeriodForService
192400 usd
CY2022Q2 crtd Restricted Common Stock
RestrictedCommonStock
50000 shares
CY2022Q2 crtd Stock Issued Period For Service
StockIssuedPeriodForService
37200 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
2405 usd
crtd Stock Issued Period For Service
StockIssuedPeriodForService
29387 usd
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
24001 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2902619 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.07
crtd Weighted Average Remaining Contractual Lifein Years Beginning Balance
WeightedAverageRemainingContractualLifeinYearsBeginningBalance
P4Y8M15D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1940000 shares
crtd Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
1.38
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
433519 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
13.56
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4409100 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.93
crtd Weighted Average Remaining Contractual Lifein Years Outstanding Ending Balance
WeightedAverageRemainingContractualLifeinYearsOutstandingEndingBalance
P4Y8M4D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2994267 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.06
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M25D
crtd Option Outstanding Exercise Price
OptionOutstandingExercisePrice
3.93
crtd Option Outstanding Number Outstanding
OptionOutstandingNumberOutstanding
4409100 shares
crtd Option Outstanding Weighted Average Remaining Contractual Lifein Years
OptionOutstandingWeightedAverageRemainingContractualLifeinYears
P4Y8M4D
crtd Option Exercisable Weighted Average Exercise Price
OptionExercisableWeightedAverageExercisePrice
4.06
crtd Option Exercisable Number Exercisable
OptionExercisableNumberExercisable
2994267 shares
crtd Option Exercisable Weighted Average Remaining Contractual Lifein Years
OptionExercisableWeightedAverageRemainingContractualLifeinYears
P4Y6M25D
CY2018Q4 crtd Grant Options
GrantOptions
11667 shares
CY2018Q4 crtd Fair Value
FairValue
57123 usd
crtd Unvested Employee Options Description
UnvestedEmployeeOptionsDescription
As of June 30, 2022, there was $1,806,860 of total unrecognized compensation expense related to unvested employee options granted under the Company’s share-based compensation plans that is expected to be recognized over a weighted average period of approximately 1.37 years. 
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0281 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
crtd Additional Warrent
AdditionalWarrent
67173 shares
crtd Deemed Dividend
DeemedDividend
81728 usd
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4000000 shares
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
4074803 usd
CY2020Q2 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
799000 usd
CY2020Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
660000 usd
CY2020Q2 us-gaap Interest Expense Other
InterestExpenseOther
139000 usd
CY2022Q2 us-gaap Operating Leases Indemnification Agreements Description
OperatingLeasesIndemnificationAgreementsDescription
On April 26, 2022, the Company signed a 7-year lease for approximately 8,000 square feet of office space at 419 Lafayette Street, 6th Floor, New York, NY, 10003.
CY2022Q2 us-gaap Lease Income
LeaseIncome
3502033 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
93155 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
72826 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
165980 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
93155 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
148540 usd
us-gaap Lease Cost
LeaseCost
241694 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
39900 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M29D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.125 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
361440 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
495250 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
509784 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
524753 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
540172 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
951971 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3383370 usd
CY2022Q2 crtd Less Amounts Representing Interest
LessAmountsRepresentingInterest
1132722 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2250648 usd
CY2022Q2 crtd Less Current Operating Lease
LessCurrentOperatingLease
149830 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2100818 usd
CY2022Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
241694 usd
CY2021Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
53869 usd
CY2021Q1 crtd Stockholders Equity Requirement
StockholdersEquityRequirement
On January 4, 2021, the Company received a letter from the staff of The Nasdaq Capital Market (the “Exchange”) notifying the Company that the Exchange had determined to delist the Company’s common stock and warrants from the Exchange based on the Company’s non-compliance with the Exchange’s (i) $5 million stockholders’ equity requirement for initial listing pursuant to Nasdaq Listing Rule 5505(b), (ii) the $2.5 million stockholders’ equity requirement or any of the alternatives for continued listing pursuant to Nasdaq Listing Rule 5550(b), and (iii) the Company’s failure to provide material information to the Exchange pursuant to Nasdaq Listing Rule 5250(a)(1). 
CY2022Q2 us-gaap Equity Restrictions
EquityRestrictions
2500000 usd
CY2022Q2 us-gaap Description Of Postemployment Benefits
DescriptionOfPostemploymentBenefits
On April 5, 2022, upon the recommendation of the Compensation Committee of the Board, the Board approved employment agreements with, and equity issuances for, (i) Jeremy Frommer, Executive Chairman, who will receive (a) an signing award of $80,000, (b) an annual salary of $420,000; (c) 121,000 options, to vest immediately with a strike price of $1.75, and (d) 50,000 shares of the Company’s restricted common stock; (ii) Laurie Weisberg, Chief Executive Officer, who will receive (a) an annual salary of $475,000; (b) 121,000 options, to vest immediately with a strike price of $1.75, and (c) 50,000 shares of the Company’s restricted common stock; (iii) Justin Maury, Chief Operating Officer & President, who will receive (a) an annual salary of $475,000 (b) 81,000 options, to vest immediately with a strike price of $1.75, and (c) 50,000 shares of the Company’s restricted common stock; and (iv) Chelsea Pullano, Chief Financial Officer, who will receive (a) an annual salary of $250,000; (b) 37,000 options, to vest immediately with a strike price of $1.75, and (c) 35,000 shares of the Company’s restricted common stock (collectively, the “Executive Employment Arrangements”). 
CY2022Q1 crtd Purchase Price Per Share
PurchasePricePerShare
-1
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
2662114 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-16111758 usd
crtd Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
-1.54
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10465815 shares
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
379312 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
186883 usd
CY2022Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
1169329 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
2526763 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
1383785 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
429754 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
4053618 usd
CY2022Q2 us-gaap Assets
Assets
10129444 usd
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
4899108 usd
CY2022Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1895248 usd
CY2022Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
262583 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4572738 usd
CY2022Q2 us-gaap Liabilities
Liabilities
11629677 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
337440 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
236665 usd
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
718951 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
2432841 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
1374835 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
106403 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3966124 usd
CY2021Q4 us-gaap Assets
Assets
9173259 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3730540 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1342664 usd
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
234159 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
177644 usd
CY2021Q4 us-gaap Liabilities
Liabilities
5485007 usd
CY2022Q2 us-gaap Revenues
Revenues
1625901 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
1794419 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
-168518 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
224512 usd
CY2022Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1277510 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2141218 usd
CY2022Q2 crtd General And Administrative
GeneralAndAdministrative
4181666 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
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crtd Operating Lease Liability1
OperatingLeaseLiability1
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CY2022Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
142055 usd
CY2022Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
7824906 usd
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
20360 usd
CY2022Q2 crtd All Other Expense
AllOtherExpense
691154 usd
CY2022Q2 crtd Other Expenses Net
OtherExpensesNet
-711514 usd
CY2022Q2 crtd Loss Before Income Tax Provision And Equity In Net Loss From Unconsolidated Investments
LossBeforeIncomeTaxProvisionAndEquityInNetLossFromUnconsolidatedInvestments
-8704938 usd
CY2021Q2 us-gaap Revenues
Revenues
970857 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
731309 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
239548 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
56598 usd
CY2021Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4194524 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1940250 usd
CY2021Q2 crtd General And Administrative
GeneralAndAdministrative
2428971 usd
CY2021Q2 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
49843 usd
CY2021Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
8620343 usd
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
60760 usd
CY2021Q2 crtd All Other Expense
AllOtherExpense
181681 usd
CY2021Q2 crtd Other Expenses Net
OtherExpensesNet
-697240 usd
CY2021Q2 crtd Loss Before Income Tax Provision And Equity In Net Loss From Unconsolidated Investments
LossBeforeIncomeTaxProvisionAndEquityInNetLossFromUnconsolidatedInvestments
-8562476 usd
us-gaap Revenues
Revenues
2974639 usd
us-gaap Cost Of Revenue
CostOfRevenue
3366589 usd
us-gaap Gross Profit
GrossProfit
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
451166 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3369531 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3222010 usd
crtd General And Administrative
GeneralAndAdministrative
7284104 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
283947 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
14610758 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
34256 usd
crtd All Other Expense
AllOtherExpense
549022 usd
crtd Other Expenses Net
OtherExpensesNet
-583278 usd
crtd Loss Before Income Tax Provision And Equity In Net Loss From Unconsolidated Investments
LossBeforeIncomeTaxProvisionAndEquityInNetLossFromUnconsolidatedInvestments
-15585986 usd
us-gaap Revenues
Revenues
1714770 usd
us-gaap Cost Of Revenue
CostOfRevenue
1940715 usd
us-gaap Gross Profit
GrossProfit
-225945 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
385450 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6237179 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3510489 usd
crtd General And Administrative
GeneralAndAdministrative
3876687 usd
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
91042 usd
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
14100847 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
259431 usd
crtd All Other Expense
AllOtherExpense
619490 usd
crtd Other Expenses Net
OtherExpensesNet
-878921 usd
crtd Loss Before Income Tax Provision And Equity In Net Loss From Unconsolidated Investments
LossBeforeIncomeTaxProvisionAndEquityInNetLossFromUnconsolidatedInvestments
-15205713 usd
crtd Deferred Offering Cost
DeferredOfferingCost
usd
CY2022Q2 us-gaap Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
1
CY2022Q2 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
0.96
CY2022Q2 us-gaap Shares Issued
SharesIssued
55000 shares
CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
usd
CY2021Q2 us-gaap Interest Income Other
InterestIncomeOther
usd
CY2022Q2 crtd Change In Derivative Liability
ChangeInDerivativeLiability
usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
usd
us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost
usd
CY2021Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
usd
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
usd
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q2 crtd Deemed Dividends
DeemedDividends
usd
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.49
us-gaap Dividends
Dividends
usd
CY2021Q2 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
usd
CY2021Q2 crtd Conversion Of Preferred Series E To Stock
ConversionOfPreferredSeriesEToStock
usd
CY2021Q2 us-gaap Dividends
Dividends
usd
crtd Conversion Of Preferred Series E To Stock
ConversionOfPreferredSeriesEToStock
usd
us-gaap Dividends
Dividends
usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
crtd Bad Debt Expense
BadDebtExpense
usd
us-gaap Other Noncash Expense
OtherNoncashExpense
usd
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
usd
crtd Loss On Extinguishments Of Debt
LossOnExtinguishmentsOfDebt
usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
usd
crtd Proceeds From Deposits
ProceedsFromDeposits
usd
crtd Cash Paid For Minority Investment In Business
CashPaidForMinorityInvestmentInBusiness
usd
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
usd
CY2022Q2 crtd Debt Issuance Costs
DebtIssuanceCosts
usd
CY2021Q4 crtd Debt Issuance Costs
DebtIssuanceCosts
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001357671
CY2022Q2 crtd Gain On Forgiveness Of Debt
GainOnForgivenessOfDebt
usd

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